New Greek PM Samaras names cabinet members

Associated Press
The head of Greece's conservative  New Democracy party, Antonis Samaras, left, shakes hands with President Carolos Papoulias  in Athens on Wednesday June 20, 2012.  Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country’s international bailout commitments. The move ends a protracted political crisis that had cast grave doubt over the country’s future in Europe’s joint currency and threatened to plunge Europe deeper into a financial crisis with global repercussions.  (AP Photo/Andreas Solaro,pool)

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ATHENS, Greece (AP) — Greece has named its coalition government's new Cabinet, appointing a prominent banker to take over the key position of finance minister.

New government spokesman Simos Kedikoglou announced Thursday that Vassilis Rapanos, a non-executive chairman of the National Bank of Greece, had been appointed finance minister.

Rapanos, 65, has been a leading figure in the country's banking sector and has also been teaching at Athens University since 1992.

Conservative party head Antonis Samaras was sworn in as prime minister Wednesday at the head of a three-party coalition government, ending weeks of political deadlock and calming market fears of an imminent Greek exit from the euro currency.

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